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China: Anhui Conch has continued a cement sale and purchase agreement with Jiangsu Conch Building Materials by entering into a new contract worth US364m. Subsidiaries of Anhui Conch based in east China will sell a total of of cement products to Jiangsu Conch, a nonwholly owned subsidiary of Anhui Conch, in 2019.
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That 7% drop in the utilisation is awfully close to the 9% of Indian national production capacity that the cement assets currently on sale from Lafarge India, Reliance Cement and Jaypee Cement. Unsurprisingly, the buyers of Indian cement assets have been picking and choosing their plants oneby .
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